Long-term Energy Transition: An Integrated Modelling Approach for Indian Economy (ICEMF)

To develop an energy-economy inter-linked decarbonization roadmap for India for its short (2030), medium (2047), and long (2070) term. An integrated energy-climate-economy modelling framework will be developed for simulating the impacts of exogenous circumstances, global climate policies, national policies, and technology development on India’s energy supply and demand, GHG emissions, and impacts on policy relevant macroeconomic variables. There will be soft linking of economic (CGE) model and the energy model to develop a synergy between decarbonization pathways and socio-economic paradigm. As part of the ToR, socio-economic assessment of decarbonization policy will be conducted using economic modelling (CGE). Economic impact will be measured by indicators like sectoral and total employment, investment, output etc. other than that, inequality across economic agents as a result of low carbon transition will also be estimated through CGE and supporting analysis. The primary pathway will correspond to India’s net-zero target of 2070. However alternate time frames will net zero will be developed for a holistic assessment. The study is expected to provide relevant policy inputs including energy and economic policies required to facilitate net zero transition. These inputs can be indirectly help in climate policy design.